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Summary.
Companies are starting to care more about corporate social responsibility (CSR). Among the largest 250 companies in the world,92% produced a CSR report in 2015, informing shareholders and the public about the firm’s activities. That’s up from 64% having such a report in 2005. Today, Fortune Global 500 firms spend around$20 billion a year on CSR activities.
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Stephan Meier is the James P. Gorman Professor of Business Strategy at Columbia Business School and the author of the book “The Employee Advantage: How Putting Workers First Helps Business Thrive.”
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Lea Cassar is an assistant professor in Behavioral Managerial Economics at the University of Cologne. Her research studies how to design non-monetary incentives to foster workers’ motivation.
Read more onCorporate social responsibility or related topicsSustainable business practices andPersonal productivity